Medtech Innovator

Analysis

Medtech Innovator is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medtech Innovator reported income of $13.3m and spending of $3.9m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $13.3m (+333%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 285%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medtech Innovator sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include University Academy Charter High School ($13.3m), Trinity School of Durham and Chapel Hill Inc ($13.3m) and Universal Institute Charter School ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.4m (36% of expenses). Other salaries and wages came to $609k. At year end it held assets of $14.8m against liabilities of $236k, net assets of $14.5m. It reported 19 employees.